| Net Income Per Share |
Note 18. Net Income Per Share Basic and diluted net income per share attributable to Vital Farms, Inc. common stockholders were calculated as follows:
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13-Weeks Ended |
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39-Weeks Ended |
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September 28,
2025 |
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September 29,
2024 |
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September 28,
2025 |
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September 29,
2024 |
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Numerator: |
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Net income |
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$ |
16,419 |
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$ |
7,446 |
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$ |
49,958 |
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$ |
42,808 |
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Denominator: |
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Weighted average common shares outstanding — basic |
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44,721,206 |
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43,249,234 |
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44,521,146 |
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42,517,088 |
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Weighted average effect of potentially dilutive securities: |
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Effect of potentially dilutive stock options |
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768,663 |
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1,600,181 |
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788,169 |
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1,932,870 |
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Effect of potentially dilutive RSUs |
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322,608 |
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380,166 |
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315,374 |
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342,086 |
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Effect of potentially dilutive PSUs |
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389,358 |
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234,211 |
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331,943 |
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127,606 |
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Effect of potentially dilutive common stock issuable pursuant to the 2020 ESPP |
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3,902 |
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70 |
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9,355 |
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4,034 |
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Weighted average common shares outstanding — diluted |
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46,205,737 |
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45,463,862 |
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45,965,987 |
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44,923,684 |
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Net income per share |
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Basic |
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$ |
0.37 |
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$ |
0.17 |
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$ |
1.12 |
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$ |
1.01 |
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Diluted |
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$ |
0.36 |
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$ |
0.16 |
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$ |
1.09 |
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$ |
0.95 |
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The Company excluded the following shares of common stock, outstanding at each period end, from the computation of diluted net income per share attributable to Vital Farms, Inc. common stockholders for the periods indicated because including them would have had an anti-dilutive effect:
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13-Weeks Ended |
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39-Weeks Ended |
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September 28,
2025 |
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September 29,
2024 |
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September 28,
2025 |
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September 29,
2024 |
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Options to purchase common stock |
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— |
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— |
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— |
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499 |
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Unvested RSUs |
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118 |
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1,668 |
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123 |
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4,972 |
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Unvested PSUs |
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51 |
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540 |
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52 |
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2,115 |
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169 |
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2,208 |
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175 |
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7,586 |
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